In the first 7 months of 2022, shrimp exports recorded double digits growth in the first 5 months, starting to decrease slightly in June and fell deeper in July. Accumulating 7 months, Vietnam shrimp exports reached 2.65 billion USD, an increase of 22% compared to the same period last year.
The US
Vietnam shrimp exports to the US start to slow down in May, decrease 36% in June and continue to decrease 54% in July. Accumulated in the first 7 months of 2022, Vietnam shrimp exports to the US reached 550 million USD, down 6% compared to the same period in 2021.
The US shrimp imports had slowed down since May 2022 due to the high inventories. Besides, logistics and transportation problems such as port congestion, increased freight rates, and lack of cold storage also led to a decrease in US shrimp imports. The purchasing power of seafood, including shrimp, in the retail segment also decreased.
Inflation in the US makes people spend cautiously. However, in the coming time, the situation will be better when the US job market is recovering . Better income can boost consumer spending on shrimp. Shrimp prices in the US are also expected to be under downward pressure in the second half of 2022.
Vietnam shrimp exports to the US and China showed sign of decreasing in July
China
After recording strong growth in the first 6 months of the year, Vietnam's shrimp exports to China in July decreased 17% to $38 million. In the first 7 months of this year, shrimp exports to this market reached 371 million USD, up 64% over the same period in 2021.
Although China has reopened its economy and loosened regulations related to COVID-19 at seaports, import regulations are still very strict, creating many difficulties for exporters. In the Chinese market, Vietnamese shrimp suppliers also have to compete with suppliers from Ecuador. Ecuador is having a strategy to boost exports to China to compensate for the decrease in exports to the US.
Shrimp exports to the EU market in July still increased by 16% over the same period, thanks to the support from the EVFTA. Exports to Japan and South Korea in July still grew quite steadily by 5% and 22% respectively. Freight to Japan and South Korea are not as high as to Western countries, and inflation in these countries is not too high. These are considered factors that help maintain a stable growth momentum in shrimp exports to these markets.
Compiled by Thuy Linh
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(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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